Mr. Ian Slater reports
LIBERO COPPER CLOSES PRIVATE PLACEMENT
Libero Copper Corp. has closed the second tranche of the non-brokered private placement announced on May 28, 2019, that consisted of the final one million units at a price of 10 cents per unit for gross proceeds of $100,000. Each unit consists of one common share and one common
share purchase warrant. Each warrant entitles the holder to acquire one common share at a
price of 15 cents until June 7, 2021.
Ten million units at a price of 15 cents per unit for aggregate gross proceeds of up to $1.5-million, announced on May 28, 2019, are expected to close within 30 days, bringing the
total gross proceeds of the offering to $2.7-million.
Common shares issued under the super FT offering qualify as flow-through shares. The gross proceeds from the super FT offering will be used to incur Canadian exploration
expenses that will qualify as flow-through mining expenditures as those terms are defined in the Income
Tax Act, which will be renounced to the initial purchaser of the flow-through shares.
The net proceeds of the offering will be used for exploration at the Big Red project and general working
capital purposes. The units issued in the offering are subject to a statutory hold period expiring on
Nov. 13, 2019.
About Libero Copper
Corp.
Libero Copper is acquiring high-quality copper deposits with significant resources but without any fatal
flaws or significant holding costs and exceptional copper exploration properties in the Americas. These
assets are being advanced and derisked by a seasoned team to minimize dilution and maximize shareholder
value. The portfolio currently includes the Big Red exploration project in Canada, the Tomichi deposit in
the United States and the Mocoa deposit in Colombia, which contain large inferred mineral resources.
In total, the properties contain 7.9 billion pounds of copper and 1.1 billion pounds of molybdenum.
We seek Safe Harbor.
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